SK Hynix hits the U.S. stock market as demand for memory chips soars amid AI frenzy
Summary
SK Hynix, a leading memory chip maker from South Korea, has launched its shares on the U.S. stock market through American depositary receipts (ADRs). The company’s chips are in high demand because of the growth in artificial intelligence, leading to strong profits and a major stock sale in the U.S.Key Facts
- SK Hynix is one of the largest memory chip makers globally and is already traded on South Korea’s KOSPI index.
- The company priced 177.9 million ADR shares at $149 each, raising $26.5 billion—the largest initial share sale in the U.S. by a foreign firm.
- Its shares are expected to start trading on the Nasdaq stock exchange.
- SK Hynix specializes in high bandwidth memory chips essential for advanced artificial intelligence technology.
- The U.S. is SK Hynix’s biggest market, making up 68.8% of its revenue in 2025.
- The company reported nearly $65 billion in revenue and about $28 billion in profits in 2025.
- SK Hynix recently partnered with Nvidia for AI memory chip development and plans to build its first U.S. factory in Indiana.
- Along with Samsung and the South Korean government, SK Hynix will invest about $518 billion to build a new chipmaking hub in South Korea’s southwest region.
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